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Velle Capital launches Aude to finance complex real estate operationsMenorca positions itself as a high-end culinary destinationSturzenegger admits decline in formal employment and points to monotributoFormal employment falls in Argentina as monotributo growsATE demands ANSES to reopen salary negotiations and threatens with strikesThe ECB is considering moving bank money to the blockchain

South Korea

Latest South Korea news

2 articles

Illustrative image: a welding robot in the foreground off-centre in an empty factory, with natural light coming through large windows and elongated shadows.

Companies

GM Korea reaches provisional wage agreement with a rise of 92,000 won

GM Korea and unions agree on a base salary increase of 92,000 won and bonuses of 15 million as part of the 2026 collective agreement.

Beatriz Lorenzo Aguirre · 23 July 2026

Close-up of a silicon wafer with circuits illuminated by blue and orange lights

Economy

South Korea Raises Interest Rates for the First Time Since 2023 Due to AI Chip Surge

The Bank of Korea raises rates to 2.75% for the first time since 2023, driven by the boom in AI chips and stronger-than-expected economic growth.

Álvaro Sáez Ferrer · 16 Jul 2026